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What benefits does Uruguay enjoy by being a part of the Mercosur regional economic integration bloc?
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- Discuss the importance of terms of trade for countries.Identify and explain two (2) economic strengths of the Philippines that may contribute to a greater integration among the countries in the Asian region.On the topic of international economic integration, explain the following concepts a. A Free Trade Area b. A Customs Union c. A Common Market d. A Monetary Union
- Define protectionism as a policy and describe what a country stands to lose when it enacts such a policy.Discuss the role of foreign exchange in international trade.Integration within Asia region has been progressing significantly in recent years. This may be observed from the rise in intra-regional trade and flows of investment within the region. There are also a number of initiatives which support the greater linkage between economies. In line with this, do you think that is there a possibility for the establishment of a single Association of Southeast Asian Nations (ASEAN) currency? What will be the advantages and disadvantages of this in regional economic integration?